Societatea Nationala (Romania) Market Value
| SNG Stock | 5.91 0.06 1.03% |
| Symbol | Societatea |
Please note, there is a significant difference between Societatea Nationala's value and its price as these two are different measures arrived at by different means. Investors typically determine if Societatea Nationala is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Societatea Nationala's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Societatea Nationala 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Societatea Nationala's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Societatea Nationala.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in Societatea Nationala on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding Societatea Nationala de or generate 0.0% return on investment in Societatea Nationala over 30 days. More
Societatea Nationala Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Societatea Nationala's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Societatea Nationala de upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.2031 | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 2.31 |
Societatea Nationala Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Societatea Nationala's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Societatea Nationala's standard deviation. In reality, there are many statistical measures that can use Societatea Nationala historical prices to predict the future Societatea Nationala's volatility.| Risk Adjusted Performance | 0.162 | |||
| Jensen Alpha | 0.2736 | |||
| Total Risk Alpha | 0.2637 | |||
| Sortino Ratio | 0.2315 | |||
| Treynor Ratio | (1.39) |
Societatea Nationala Backtested Returns
Societatea Nationala appears to be not too volatile, given 3 months investment horizon. Societatea Nationala owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the firm had a 0.21 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Societatea Nationala de, which you can use to evaluate the volatility of the company. Please review Societatea Nationala's Coefficient Of Variation of 466.32, risk adjusted performance of 0.162, and Semi Deviation of 0.831 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Societatea Nationala holds a performance score of 16. The entity has a beta of -0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Societatea Nationala are expected to decrease at a much lower rate. During the bear market, Societatea Nationala is likely to outperform the market. Please check Societatea Nationala's value at risk, kurtosis, and the relationship between the sortino ratio and semi variance , to make a quick decision on whether Societatea Nationala's existing price patterns will revert.
Auto-correlation | 0.46 |
Average predictability
Societatea Nationala de has average predictability. Overlapping area represents the amount of predictability between Societatea Nationala time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Societatea Nationala price movement. The serial correlation of 0.46 indicates that about 46.0% of current Societatea Nationala price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Societatea Nationala lagged returns against current returns
Autocorrelation, which is Societatea Nationala stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Societatea Nationala's stock expected returns. We can calculate the autocorrelation of Societatea Nationala returns to help us make a trade decision. For example, suppose you find that Societatea Nationala has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Societatea Nationala regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Societatea Nationala stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Societatea Nationala stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Societatea Nationala stock over time.
Current vs Lagged Prices |
| Timeline |
Societatea Nationala Lagged Returns
When evaluating Societatea Nationala's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Societatea Nationala stock have on its future price. Societatea Nationala autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Societatea Nationala autocorrelation shows the relationship between Societatea Nationala stock current value and its past values and can show if there is a momentum factor associated with investing in Societatea Nationala de.
Regressed Prices |
| Timeline |
Pair Trading with Societatea Nationala
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Societatea Nationala position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Societatea Nationala will appreciate offsetting losses from the drop in the long position's value.Moving against Societatea Stock
The ability to find closely correlated positions to Societatea Nationala could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Societatea Nationala when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Societatea Nationala - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Societatea Nationala de to buy it.
The correlation of Societatea Nationala is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Societatea Nationala moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Societatea Nationala moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Societatea Nationala can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Societatea Stock
Societatea Nationala financial ratios help investors to determine whether Societatea Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Societatea with respect to the benefits of owning Societatea Nationala security.